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Everbright Securities Co Ltd Receives Administrative Punishment


Friday, 22 Nov 2013 07:00pm EST 

Everbright Securities Co Ltd:Says letter of administrative punishment received on Nov. 22 from China Securities Regulatory Commission (CSRC), due to the company's false records in a sponsorship letter and a financial verification report for initial public offering of a China-based company.Says company warned by CSRC, imposed fine of 4.3 million yuan and confiscation of revenue of 2.15 million yuan.Says Li Ruiyu and Shui Rundong, sponsor representatives involved, imposed fine of 300,000 yuan, respectively, and prohibited from the securities market all their lives long.